Able Company has offered to sell Cane Company some used office equipment. Able wants Cane to pay

Question:

Able Company has offered to sell Cane Company some used office equipment. Able wants Cane to pay $100 per quarter (three-month period) for the next three years, with the payment due at the end of each quarter. Suppose the appropriate is 4. What is the actual sale price of the office equipment?

Discount Rate
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...